Flashcard on Employee Turnover and Compensation

Front

What is the difference between voluntary and involuntary turnover?

Back

Voluntary turnover is employee-initiated (e.g., quits) and involuntary turnover is organization-initiated (e.g., discharges, terminations, firings, dismissals).

Front

How do companies that conduct large-scale layoffs perform relative to companies that engage in smaller or no layoffs?

Back

They often perform more poorly than companies that engage in smaller or no layoffs.

Front

What model examines turnover as a sequential process that involves shocks, image violations, satisfaction, and evaluation and presence of alternatives?

Back

The unfolding model of turnover

Front

Which industry has the highest annual rate of voluntary turnover? Options: Leisure & Hospitality (or Accommodation & Food Services), Healthcare & Social Assistance, Manufacturing, Information Technology

Back

Leisure & Hospitality (or Accommodation & Food Services)

Front

What model of turnover examines the role of community links, fit, and sacrifice in employees’ turnover decisions?

Back

Job embeddedness

Front

What are the two components that comprise compensation?

Back

Pay and benefits

Front

Culture and quality of life are examples of which type of total rewards?

Back

Experiential rewards

Front

What is one of the five main objectives of total rewards?

Back

Align individuals with organizational goals

Front

The wage gap between the CEO and the median worker in a company is an example of which total reward decision?

Back

Degree of dispersion

Front

Employees receiving increases to base pay for past performance is an example of what type of pay-for-performance plan?

Back

Merit pay